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by hedgehog
1229 days ago
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There are both, and they are related. For example family wealth and wealth accumulation in the US is weighted heavily to home ownership and appreciation, the GI bill that powered a great deal of home purchases was structured to exclude blacks, and the combination of those facts shapes the distribution of wealth today. Expensive neighborhoods tend to have better public schools, the quality of that schooling is a lifelong advantage, yet redlining was only banned around 50 years ago. This directly affected the cohort of people in their 60s who are still part of the work force. Overall social mobility in the US is pretty poor compared to other wealthy countries but I'm not sure if there is any rigorous work to attribute causes. |
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https://datacenter.kidscount.org/data/tables/44-children-in-...